Fusion Telecommunications International, Inc. (NASDAQ:FSNN) – Research analysts at B. Riley issued their Q1 2018 EPS estimates for shares of Fusion Telecommunications International in a note issued to investors on Tuesday. B. Riley analyst J. Nichols anticipates that the Wireless communications provider will earn ($0.09) per share for the quarter. B. Riley has a “Buy” rating and a $3.00 price objective on the stock. B. Riley also issued estimates for Fusion Telecommunications International’s Q2 2018 earnings at ($0.09) EPS, Q3 2018 earnings at ($0.09) EPS and Q4 2018 earnings at ($0.10) EPS.
Other analysts have also recently issued research reports about the company. Zacks Investment Research raised Fusion Telecommunications International from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a research report on Monday, September 4th. Craig Hallum reissued a “buy” rating and set a $5.00 price objective (up previously from $3.00) on shares of Fusion Telecommunications International in a research report on Wednesday, August 30th. Finally, ValuEngine cut Fusion Telecommunications International from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd.
Shares of Fusion Telecommunications International (NASDAQ FSNN) opened at $2.64 on Wednesday. Fusion Telecommunications International has a 12-month low of $1.11 and a 12-month high of $3.57. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 21.55.
Fusion Telecommunications International (NASDAQ:FSNN) last released its quarterly earnings data on Monday, August 14th. The Wireless communications provider reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.01. The firm had revenue of $38.09 million during the quarter, compared to analysts’ expectations of $32.47 million. Fusion Telecommunications International had a negative return on equity of 213.09% and a negative net margin of 10.36%.
In related news, major shareholder Unterberg Capital Llc sold 477,948 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $3.26, for a total transaction of $1,558,110.48. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Asa Apptix sold 176,000 shares of the business’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $2.89, for a total value of $508,640.00. Following the transaction, the insider now owns 2,510,012 shares in the company, valued at $7,253,934.68. The disclosure for this sale can be found here. Insiders sold 3,204,017 shares of company stock worth $8,786,629 over the last quarter. 19.10% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. B. Riley Financial Inc. bought a new position in Fusion Telecommunications International during the second quarter valued at about $145,000. Engineers Gate Manager LP bought a new stake in shares of Fusion Telecommunications International in the 3rd quarter valued at approximately $189,000. Sii Investments Inc. WI bought a new stake in shares of Fusion Telecommunications International in the 3rd quarter valued at approximately $112,000. JPMorgan Chase & Co. bought a new stake in shares of Fusion Telecommunications International in the 3rd quarter valued at approximately $162,000. Finally, FNY Partners Fund LP bought a new stake in shares of Fusion Telecommunications International in the 3rd quarter valued at approximately $135,000. Hedge funds and other institutional investors own 22.09% of the company’s stock.
Fusion Telecommunications International Company Profile
Fusion Telecommunications International, Inc is a United States-based provider of integrated cloud solutions, including cloud voice, cloud connectivity, cloud infrastructure, cloud computing, and managed cloud-based applications to businesses, and voice over Internet Protocol (VoIP)-based voice services to carriers.
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